O’Reilly Automotive, Inc. (NASDAQ:ORLY) Stake Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 69.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,569 shares of the specialty retailer’s stock after acquiring an additional 16,638 shares during the period. Nisa Investment Advisors LLC owned about 0.07% of O’Reilly Automotive worth $48,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC raised its stake in shares of O’Reilly Automotive by 6.2% during the 3rd quarter. Asset Dedication LLC now owns 155 shares of the specialty retailer’s stock worth $178,000 after purchasing an additional 9 shares in the last quarter. Marks Group Wealth Management Inc raised its position in O’Reilly Automotive by 1.5% during the third quarter. Marks Group Wealth Management Inc now owns 605 shares of the specialty retailer’s stock valued at $697,000 after acquiring an additional 9 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in O’Reilly Automotive by 8.5% in the third quarter. Venturi Wealth Management LLC now owns 115 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 9 shares during the last quarter. Metis Global Partners LLC lifted its stake in O’Reilly Automotive by 0.5% in the third quarter. Metis Global Partners LLC now owns 1,863 shares of the specialty retailer’s stock valued at $2,145,000 after acquiring an additional 9 shares during the last quarter. Finally, L.M. Kohn & Company grew its position in O’Reilly Automotive by 1.4% in the third quarter. L.M. Kohn & Company now owns 654 shares of the specialty retailer’s stock worth $753,000 after acquiring an additional 9 shares in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ORLY. BMO Capital Markets initiated coverage on shares of O’Reilly Automotive in a research note on Friday, December 13th. They issued an “outperform” rating and a $1,400.00 price objective for the company. Truist Financial raised their target price on O’Reilly Automotive from $1,290.00 to $1,313.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen increased their price objective on O’Reilly Automotive from $1,300.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price objective on O’Reilly Automotive from $1,250.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, BNP Paribas raised O’Reilly Automotive to a “strong-buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $1,289.44.

Insider Buying and Selling

In other O’Reilly Automotive news, Director Andrea Weiss sold 600 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $1,224.07, for a total transaction of $734,442.00. Following the completion of the transaction, the director now owns 700 shares in the company, valued at $856,849. This trade represents a 46.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffery Thomas Loafman sold 620 shares of O’Reilly Automotive stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,240.39, for a total value of $769,041.80. Following the sale, the senior vice president now directly owns 5 shares in the company, valued at $6,201.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

O’Reilly Automotive Stock Up 2.0 %

ORLY stock opened at $1,241.08 on Wednesday. O’Reilly Automotive, Inc. has a twelve month low of $947.49 and a twelve month high of $1,283.96. The company has a market cap of $71.65 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The business’s 50-day simple moving average is $1,223.49 and its 200 day simple moving average is $1,164.11.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty retailer reported $11.41 earnings per share for the quarter, missing the consensus estimate of $11.53 by ($0.12). The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.42 billion. O’Reilly Automotive had a negative return on equity of 155.25% and a net margin of 14.52%. O’Reilly Automotive’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $10.72 EPS. On average, equities research analysts anticipate that O’Reilly Automotive, Inc. will post 40.85 EPS for the current year.

O’Reilly Automotive Company Profile

O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.